February 2017

MB NON-FERROUS PRICE CHANGES 17/02: Noble alloys, bulk alloys & ores

The following Metal Bulletin noble alloys, bulk alloys and ores prices changed on Friday February 17:

GLOBAL CHROME WRAP: Ore stand-off continues as South Africans stand firm; FeCr edges higher in USA

The stand-off between South African chrome ore producers and their customers in China has continued for another week, leaving market participants speculating over which side will crack first, and causing some regional ferro-chrome markets to slow, awaiting direction.

WEEK IN BRIEF: Copper breaks $6,000; BHP force majeure; cobalt rallies; Freeport Indonesian deal

After another busy week in the Metal Bulletin offices, we take a look back at some of the key news and price moves from the past seven days in the metals markets.

MINING INDABA 2017: Six awkward quotes show optimism remains cautious

As the sun set on Cape Town after the 2017 Mining Indaba, it was safe to say the mining market has improved in a year, but confidence remained shaky.

ORES & ALLOYS BLOG: Chrome rally proves every dog’s market has its day

The chrome ore and ferro-chrome price rally of the past four months has forced both steel-making raw materials to the front of many agendas, Metal Bulletin learned in Cape Town this week.

MINING INDABA 2017: Commodities uptick releases repressed capital back to miners – Appian’s Scherb

The mining industry is starting to attract capital that has been destined for the sector but held back in the commodities downturn of recent years, Michael Scherb, founder and general partner of Appian Capital told Metal Bulletin.

MINING INDABA 2017: Chrome ore faces possible deficit amid Asian ferro-chrome growth – Pouroulis

The chrome ore market could soon move into a deficit due to low stock levels and new alloy production in Asia, Tharisa ceo Phoevos Pouroulis told Metal Bulletin on the sidelines of Mining Indaba in Cape Town on Wednesday February 8.

MINING INDABA 2017: Chrome market attracting fresh investor interest – Pouroulis

Generalist funds are showing renewed interest in the chrome market and are keen on Tharisa stock, the South African miner’s ceo, Phoevos Pouroulis, told Metal Bulletin on Wednesday February 8, hinting at future expansions into additional markets and regions.

GLOBAL CHROME WRAP: Chrome ore prices stall amid Lunar New Year hiatus; FeCr prices dip on crash worries

Although the chrome ore stand-off has continued, global ferro-chrome prices slipped in the week ended Friday February 3 due to uncertainty in the market as market participants awaited the return of the Chinese from the Spring Festival holiday.

MINING INDABA 2017: Challenges still ahead for South African business rescue candidates – Baker McKenzie

South African mining companies in business rescue, and those that have survived rescue and restructuring, still face challenges and limited scope for growth, law firm Baker McKenzie has warned.